kjlaw
  • Call Us (07) 853 2814
  • Email Us office@kjlaw.co.nz
  • Why Choose K J Law
    • About Us
  • Services
    • Property Law
    • Business & Commercial Law
    • Wills and Trusts
    • Family Law
    • Subdivisions and Title Developments
    • Terms of Engagement
  • Meet the Team
  • What They Say
  • Our Fees
  • Social Responsibilities
  • Contact Us

Kiwisaver and the First Home Buyer

Published by K J Law - Lawyers of Hamilton Ltd on Monday, 25 Jul 2016
  • Are you a first home buyer or wanting to buy land to build your first home on?
  • Have you been in the Kiwisaver scheme (or another complying super fund) for at least 3 years?

If the answer to the above questions is “yes” then it is likely that you can use the contributions that you have made and your employer contributions to Kiwisaver to assist you in purchasing your first home.

You may also be entitled to a first home deposit subsidy if:

  • Over the last 3 years you have contributed at least 2% of your income to your Kiwisaver (or a complying super fund) scheme;
  • you are buying your first home and you plan to live in it for at least 6 months.

The deposit subsidy is the amount of $1,000 for each year you have been paying into a Kiwisaver scheme (up to a maximum of 5 years). This equates to a maximum for an individual of $5,000. If you are a couple then you could qualify for a maximum of $10,000 if you have both been paying into a Kiwisaver scheme for 5 years.

Have a chat with us if you need help with buying your first home. Please feel free to contact us

 

 

Back to list

Articles & Advice

  • New Employer Requirements from 6 May 2019
  • Is your home your castle?
  • Trustee liability
  • Kiwisaver and the First Home Buyer?
  • Residential Land Withholding Tax - Does it apply to You?

Read more

Testimonials

"Hello everyone. A big thank you from Rosemary and I for all your work with the sale of our sections. there is much cause for celebration in our house! Kathryn – I am always going to have that embarrassing feeling when I remember my first panicked call to you over the property. Ha ha !! But it all worked out. Thanks again everyone...”
Maurice and Rosemary

Continue reading

Quick Links
  • Property Law
  • Family Law
  • Business Law
  • Wills and Trusts
  • Subdivision & Titles
Contact Us
  • Phone: 07 853 2814
  • Email: office@kjlaw.co.nz
Visit Us

Unit 15, 111 Thomas Road,
Rototuna, (Rototuna Shopping Centre)

CMStream

Copyright © 2016 - KJ Law - Laywers of Hamilton Ltd - All rights reserved.

Website by Digital Stream